Bitcoin Technical Analysis: BTC/USD bulls trying to jump given claustrophobic channel trading
|- Bitcoin price sees minor jump through the mid-point of Tuesday, pushing into positive territory, with gains of 1%.
- BTC/USD stuck within the range of the channel, yet to be any clear signs of an imminent breakout.
- Market bears have been consistently selling any rallies seen for Bitcoin.
BTC/USD 60-minute chart
Relative change: +1.15%
High: 6362.3
Low: 6228.1
Trend: Bullish
Resistance 1: 6383.0, 50MA (60-minute).
Resistance 2: 6443.8, 100MA (60-minute).
Resistance 3: 6525.0, entrance to supply zone.
Support 1: 6240.0, support on 60-minute chart.
Support 2: 6200.5, demand area.
Support 3: 6118.8, 8th September low.
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